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South Africa has experienced severe load shedding (i.e. controlled/scheduled power cuts), almost daily, since September 2022. This recent spike and high frequency of load shedding can be largely attributed to a significant drop in Energy Availability Factor of the coal fleet that has not been optimally maintained due to several factors.
As the world becomes increasingly focused on environmental, social and governance (ESG) initiatives, IT departments are actively driving sustainability efforts. According to Enterprise Strategy Group research, a significant majority (93%) of IT decision makers consider a supplier's ESG programme when making IT purchasing decisions.
The construction sector must not be overlooked in the drive towards achieving net zero. While sectors such as industrial manufacturing, mining and fossil fuel power generation tend to grab more headlines, the construction of buildings and infrastructure accounts for approximately 7 Gt CO2e, or 20% of global carbon emissions, where 4 Gt CO2e is associated with the materials used for construction.
We all know the enthusiasm of making ambitious New Year's resolutions each January - get fit! Save money! Spend less screen time! But while our personal goals often fall by the wayside, setting professional resolutions can be genuinely transformative. That's why I recommend starting the year by relooking your corporate travel game.
With 2024 approaching, many businesses will be reviewing and adjusting their travel budgets in light of spending predictions for the coming year. In terms of benchmarks, the Global Business Travel Association (GBTA) puts the average global spend at around $829 per business trip (R14,922).
Environmental, Social and Governance (ESG) initiatives have become top of mind in many companies. This has left organisations with questions such as: “Who should run with this internally?”, “What do we need to do?”, and “Is this something that will save us money or cost us money down the line?”
Some Small and Medium Enterprise (SME) may believe that environmental, social and governance (ESG) considerations do not apply in their businesses, particularly when compared to large and listed corporates. But this isn’t the case as implementing ESG, realistically, into an SME business comes with many benefits, including attracting funding opportunities.
Applying ISO standardisation principles and processes could be a gamechanger for businesses under pressure. South Africa hopes to reach net zero emissions by 2050 in its low-emission development strategy. While the target has already received significant buy-in from local companies and institutions, none are under any illusions about the challenge that lies ahead.
Did you know hotels account for approximately one percent of global carbon dioxide emissions? It might not seem like a lot, but to put it in perspective, out of the carbon dioxide released annually, it's equivalent to powering 45.7 million homes for a year. Turns out those luxury touches like themed suites, room service on tap, and butlers come at a cost to the planet, too.